Government actions to date
The SCC recommended immediate action by government in the areas below to help offset business challenges. Find a full list of recommendations and government action on a provincial and federal level here.
Federal business resources
The Canada Recovery Benefit (CRB) has been extended until October 23, 2021. The maximum number of weeks available for the CRB has been extended by an additional 4 weeks to a total of 54 weeks, at a rate of $300 per week, and ensuring it is available to those who have exhausted their employment insurance (EI) benefits.
The Canada Recovery Caregiving Benefit (CRCB), and the Canada Recovery Sickness Benefit (CRSB) have been extended until October 23, 2021.
The new Canada Recovery Hiring Program, which will be available retroactive to June 6, 2021, will help businesses hire workers and increase workers’ hours or wages.
The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. Up to a maximum of $1,000,000 for any one borrower, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment. Financial institutions deliver the program and are solely responsible for approving the loan. For more information download their PDF pamphlet or click here to find a lender near you.
The Government of Canada has introduced many COVID-19 supports to help businesses weather the storm. To get a tailored list of the ones that fit your business situation or to discover other federal, provincial and territorial programs and services designed to help Canadian businesses grow, try the interactive business benefits finder. You can also sign up for the notification feature to receive emails when there are changes to your favourite programs, when application deadlines are approaching, or when a new program that meets your needs is introduced.
The Regional Air Transportation Initiative (RATI) is a $206 million initiative that aims to help regional air transportation ecosystems affected by the economic impacts of COVID-19. It will support regional and local air carriers and airports that are critical regional transportation hubs or fill essential service gaps in Western Canada. This support will enable the air transportation system in Western Canada to remain operational through these difficult times and continue to support the economic growth of our communities.
Apply before March 2022 here:
Toll Free: 1-888-338-9378
Teletypewriter (TTY): 1-877-303-3388
Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs. These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19.
*This program has been extended to December 31, 2021
Find out more here.
The Canada Emergency Rent Subsidy to provide direct relief to businesses, non-profits, and charities that continue to be economically impacted by the COVID-19 pandemic. The Canada Emergency Rent Subsidy and Lockdown Support has been extended until October 23, 2021, and the rate of support employers and organisations can receive during the period between August 29 and September 25, 2021 has been extended also. Learn more here.
The Government of Canada announced the Large Employer Emergency Financing Facility (LEEFF). LEEFF aims to provide bridge financing to Canada’s largest employers, whose needs are not being met through conventional financing, in order to keep their operations going. LEEFF will provide additional liquidity for Canada’s largest businesses, to allow them and their suppliers to remain active and position them for a rapid economic recovery.
As a Canadian employer who has seen a drop in revenue during the COVID-19 pandemic, you may be eligible for a subsidy to cover part of your employee wages. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations.The Canada Emergency Wage Subsidy has been extended until October 23, 2021, and the rate of support employers and organizations can receive during the period between August 29 and September 25, 2021 has been extended also.
The federal government has extended the Work-Sharing program to September 24, 2022. The Work-Sharing program is offered to workers who agree to reduce their normal working hours because of developments beyond the control of their employers.
The Business Credit Availability Program (BCAP) is for small and medium-sized businesses to borrow up to $6.25 million to help cover payroll and operating costs for periods when revenues were temporarily reduced due to the pandemic.
*This program has been extended to December 31, 2021. Learn more here.
provincial business resources
Resources specifically for Small Business and Entrepreneurs
This $25 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus.
resources for Exporters
Resources for Indigenous Communities
- Indigenous Business Initiative:
The Government of Canada’s COVID-19 Economic Response Plan has an Indigenous business section.
- COVID-19: Resources for Indigenous Governments, Organizations, Businesses and Individuals
- Ten Strategies to Help Your Business Make it Through the Economic Storm – Metis Nation Saskatchewan, Northern Resource Group and SaskMetis Economic Development Corporation
- – Indigenous Corporate Training Inc.
- In partnership with Indigenous Services Canada, SMEDCO is delivering a COVID-19 impact fund for Métis communities and microbusinesses. The Fund will provide Métis community owned businesses and Small / Microbusinesses in Saskatchewan that have experienced reduced revenues as a result of the COVID-19 pandemic with two streams of COVID-19 supports. Stream one focuses on providing access to business assessment, advisory, and recovery supports from professionals and stream two focuses on providing non-repayable contributions to support ongoing operations.
Resources for employers
resources for workers
Available until October 23, 2021.
Canada Recovery Sickness Benefit (CRSB)
You may apply up to a total of 4 weeks between September 27, 2020 and September 25, 2021. You cannot apply for periods that are closed. Available until October 23, 2021.
If your situation continues past 1 week, you will need to apply again. Each household may apply up to a total of 38 weeks between September 27, 2020 and September 25, 2021. Available until October 23, 2021.
resources for farmers and the agri-food sector
March 2020 survey: Please find the recap of the COVID-19: Business Impact Survey here.
April 2020: Please find the recap of the COVID-19: Current State of Business Survey here.
April 2021: Find a recap of the COVID-19: Business Impact Survey on our InputSask hub.
Ask an Expert
Human ResourcesLearn More
Law FirmsLearn More
Ernst & Young LLP
Accounting FirmsLearn More
- Strategies to help businesses respond to COVID-19 – Grant Thornton
- COVID-19 and your business: Government and economic resources – Grant Thornton
Baker Tilly Canada
- Baker Tilly has produced a guide outlining financial relief measures available to businesses and individuals who are impacted economically by the COVID-19 outbreak.
- Baker Tilly has also set up a “COVID-19: Business guidance” hub, which is regularly updated with the latest tax and financial measures impacting Canadian businesses in the wake of the pandemic, as well as helpful resources.